2. FUNDAMIC
Please note that the information you are viewing is 175 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Equitas
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Institution

FUNDACION DE AYUDA MICROEMPRESARIAL Av. 12 de Octubre N 18-42 y Queseras del MedioQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 175 months

Institution

Equitas 4th Floor, Temple Tower, 672 Anna Salai, NandanamChennai, Tamil Nadu600035
Data approved: 2011-01-06
Data version: 2
Age of data: -   months 
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.fundamic.org/
Year established1995
Head of InstitutionSalomón Caicedo
Regions active
# Branches2

Total Portfolio (nat'l)USD 1,506,920
Total Portfolio (USD)USD 1,506,920
Active clients with loans2,270
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsRed Financiera Rural, Red Internacional de Instituciones Financieras Alternativas INAFI, Consorcio Etimos
FundersETIMOS ITALIA, CRESUD ITALIA, OIKOCREDIT HOLANDA, FINANZAS POPULARES ECUADOR

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?N/A
Website addresshttp://www.equitas.in/
Year established2007
Head of InstitutionPN Vasudevan
Regions active0
# Branches276

Total Portfolio (nat'l)INR 9,568,069,000
Total Portfolio (USD)USD 212,623,755.60
Active clients with loans1,395,978
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsMFIN

Loan Products » Summary

Grupos
1,174 Borrowers
USD 345,798 Portfolio
Active Product
Individual
860 Borrowers
USD 1,122,574 Portfolio
Active Product

Loan Products » Summary

Additional Micro-Credit
94,472 Borrowers
USD 2,842,053 Portfolio
Active Product
Primary Loans
1,134,782 Borrowers
USD 117,975,591 Portfolio
Active Product
3rd Cycle
0 Borrowers
Portfolio
Active Product
Additional Micro Credit - Upcountry
Retired Product
Additional Micro credit -Metro
Retired Product
Gurukul Loan
Retired Product
Primary Loans - Metro
Retired Product
Primary loans - Rural
Retired Product
Primary Loans - Upcountry
Retired Product
Second cycle loan - Metro
Retired Product
Second Cycle Loan - Upcountry
Retired Product
Shiksha Loan
Retired Product
Vidya loan - Metro
Retired Product
Vidya loan - Upcountry
Retired Product
Vidya Loan
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
CREDITO GRUPOS SOLIDARIOS USD 300 - 2,000 3 - 18 60% - 80% 0% - 20% Business, Capital de Trabajo Women, Men, Have business Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
CREDITO INDIVIDUAL USD 600 - 3,000 3 - 24 60% - 80% 0% - 20% Business, Capital de Trabajo Women, Men, Have business Group Mtgs, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Additional Micro-Credit INR 3,000 - 3,000 6 - 9 80% - 100% 80% - 100% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins
Primary Loans INR 10,100 - 12,000 24 80% - 100% 80% - 100% Business Women, Have business, either client runs business or husband runs business and the client has an active role Credit Educ, Group Mtgs, Credit Ins
Third Cycle Loan INR 10,100 - 15,000 24 80% - 100% 0% Business Women, Have business Credit Educ, Group Mtgs

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
CREDITO GRUPOS SOLIDARIOS 23.9% annual, Decl Bal 1 Fee 0 Ins None 7.0% upfront 7.00% ongoing 22.4% - 23.6% 38.4% - 39.6% 61
CREDITO INDIVIDUAL 13.0%-29.1% annual, Decl Bal 1 Fee 0 Ins None N/A 29.5% 36.7% - 37.4% 35

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Additional Micro-Credit 0% 24.5% - 25.9% 25.3% - 27% N/A
Primary Loans 0% 25.9% - 26.8% 26.7% - 27.4% N/A
Third Cycle Loan 0% 26.6% 28.3% N/A
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Additional Micro-Credit 25.3%-26.3% annual, Decl Bal 0 Fees 0 Ins None N/A 24.5% - 25.9% 25.3% - 27% 96
Primary Loans 25.5% annual, Decl Bal 1 Fee 0 Ins None N/A 25.9% - 26.8% 26.7% - 27.4% 94
Third Cycle Loan 25.4% annual, Decl Bal 0 Fees 1 Ins None N/A 26.6% 28.3% 90

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
CREDITO GRUPOS SOLIDARIOS 23.9% annual, Decl Bal 1 Fee 0 Ins Ins None 7.0% upfront 7.00% ongoing 22.4% - 23.6% 38.4% - 39.6% 61
CREDITO INDIVIDUAL 13.0%-29.1% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 29.5% 36.7% - 37.4% 35

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Additional Micro-Credit 0% 24.5% - 25.9% 25.3% - 27% N/A
Primary Loans 0% 25.9% - 26.8% 26.7% - 27.4% N/A
Third Cycle Loan 0% 26.6% 28.3% N/A
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Additional Micro-Credit 25.3%-26.3% annual, Decl Bal 0 Fees 0 Ins Ins None N/A 24.5% - 25.9% 25.3% - 27% 96
Primary Loans 25.5% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 25.9% - 26.8% 26.7% - 27.4% 94
Third Cycle Loan 25.4% annual, Decl Bal 0 Fees 1 Ins Ins None N/A 26.6% 28.3% 90
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeFUNDAMICInstitutionEC-030-V01-P01EC-030-V01-P02ProductECCountry2010YearRange Number1Institution Data Version05001,0001,500Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 50020030Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
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Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Private \'For-Profit\'Institution TypeBusinessLoan PurposeEquitasInstitutionIN-024-V02-P03IN-024-V02-P08IN-024-V02-P13ProductINCountry2011YearRange Number2Institution Data Version05,00010,00015,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 560,000420,000280,000140,00015,000Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
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Key Statistics
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Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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